@ Yodiyokun,

Please, do you have any reliable information on African Paint Plc?.

Peace.

What do you guys have to say as per these companies:

1. African Paint plc, Penny Stock

2. Standard Alliance Ins. Plc

3. Grommac plc.

Please, urgent reply is needed.

Peace.

Tonyjon,
All three stocks mentioned are stocks which in my opinion will roll over in the LONG term.  Stand alliance might break even but there are not a top ins coy,  not even in the top 5.
Grommac an agric coy is not in the top 3 so chances are that no quality control nor good news yet.
You can go for African paint but its a low capitalization stock. 
Yes if the tide turns they will be hot stock but they are so iliquid except standard alliance which is in insurance, 
Cant even recommend any of the three
Cheers.

Zenith Bank is about to go public again, do you guys think that it would be a good buy, given it's fall in share price over the past two months

tufe:

Zenith Bank is about to go public again, do you guys think that it would be a good buy, given it's fall in share price over the past two months

Please just read the previous threads say from page 118.
It should answer some questions and raise some too.
Base line Zenith know how to rool out profits the major disadvantage is t hat the bank is still an OVIA property,

Gurus et al,
My friend was telling me about FUTURES/COMMODITIES TRADING. I want to know if any of our esteemed gurus has had exposure to that and if they can explain it in layman's terms. I think it would be interesting,
Pumping777, Frankiriri, Wanajo, easimoni, Windywendy, Temmie 10, and others, Please contribute!!
Thanks

from what I heard if you can predict stock market will rise or fall then money can be made from that. how does that happen? Does that mean that the NSE for example, which is usually bullish in the 1st Quarter ( jan-apr next yr) could be predicted and bet upon? if there is no PE/EPS and such how does one make money? is anyone into futures trading?

please o u guys for the nth time, is there anyone that uses cashcraft here?i want to open a cscs acct and i have 100k is it possible?

the poster bears no responsibility for the posts below the consequences of his actions were not fully thot out and so cannot be used against him!

for the dude that was asking about borrowing money for stocks i know a bank that can give u money they are represented all over the cntry(all over the world sef!)i applied to them for a loan, thing is the bank is kinda time based, most of the pple here wont qualify for loans with their respective branches, but if u're interested the name is _{central bank of mummy and daddy}

@all sorry if my moment of unseriousness is inapproppriate

netotse:

please o u guys for the nth time, is there anyone that uses cashcraft here?i want to open a cscs acct and i have 100k is it possible?

the poster bears no responsibility for the posts below the consequences of his actions were not fully thot out and so cannot be used against him!

for the dude that was asking about borrowing money for stocks i know a bank that can give u money they are represented all over the cntry(all over the world sef!)i applied to them for a loan, thing is the bank is kind of time based, most of the people here wont qualify for loans with their respective branches, but if u're interested the name is _{central bank of mummy and daddy}

@all sorry if my moment of unseriousness is inapproppriate

I still have a Cashcraft account though I stopped funding it and switched to another broker. I wasn't impressed with the customer service. Having said that, Cashcraft does have good online account management and a good informative website. Yes they will accept 100K and comments I read from others indicate you could be OK if you get a good account manager.

thanx a bunch, much appreciated!

Geees,

Thanks for the reply.

Peace.

pangolo:

Gurus et al,
My friend was telling me about FUTURES/COMMODITIES TRADING. I want to know if any of our esteemed gurus has had exposure to that and if they can explain it in layman's terms. I think it would be interesting,
Pumping777, Frankiriri, Wanajo, easimoni, Windywendy, Temmie 10, and others, Please contribute!!
Thanks

We don't trade futures in the NSE nor do we have a commodities market. Futures are a way to buy/sell commodities or financial instruments at a later date based on a contract you sign today. E.g Oil sells for $90+ today. If you are 100% sure it will be 200 this time next year, go sign a futures contract saying (for a fee of $1/barrel) you'll buy oil from me today but only wish to execute the purchase/take delivery in a year. If you are right about oil prices, you make $200-$90-$1 per barrel. If the price drops to $40, you must buy the amount of oil on the contract at $90. fortunes have been made and lost this way but it's leveraging at it's finest.

Read more about them on investopedia.

http://www.investopedia.com/terms/f/futures.asp
http://www.investopedia.com/terms/c/commodity.asp

will transcorp survived this hallucination i am a victim already but am watching,

mr transcorp is down,but not out. will surely rise again, the question is when will it be?
waiting to join the fiesta,when the price is beating down to N3.00.

Gees, thanks for your reply.
Peace!!!

i am highly interested in sock market, please how can one get a broker and start trading, help me out on this, my email add is sayi125@yahoo.com

I really need your advice on this issue. Am thinking of sell my zenith bank shares to buy their offer(technical suspension), currently the it goes for N46 in the market. will it be wise for me to sell it or hold on till the offer is over before selling it. My fare is this
1, Is there any hope the price will raise beyond N46 after the offer.
2, Should I hold on to it, take advantage of the right issue before selling my shares and buy the right issue for N36 and sell my shares after the offer.
If you guys can remember first Bank did not do well as people really expect
NB
i only want to maximize profit

am highly interested in stock market, please how can one get a broker and start trading, help me out on this, my email add is sayi125@yahoo.com

gbolex:

I really need your advice on this issue. Am thinking of sell my zenith bank shares to buy their offer(technical suspension), currently the it goes for N46 in the market. will it be wise for me to sell it or hold on till the offer is over before selling it. My fare is this
1, Is there any hope the price will raise beyond N46 after the offer.
2, Should I hold on to it, take advantage of the right issue before selling my shares and buy the right issue for N36 and sell my shares after the offer.
If you guys can remember first Bank did not do well as people really expect
NB
i only want to maximize profit

1. Retain your shares until you know the cut off date for the rights issue so that you can participate. As in the case of Fidelity, this date can extend well beyond the date of TS so don't be caught napping.

2. After you are sure of qualifying for the rights, you can now consider the next step. Ideally I would expect the price to rise after TS because of the last interim result. However, I can't say if there will be an impact from investors like yourself that have subscribed to the rights issue and will now prefer to dispose of their shares to recover some cash.

In my case, I am holding on to Zenith till after TS except I get a scoop and need to raise funds.

To All GURU's

Nobody seems to be talking about UNITY BANK, because i bought it at #8.41 some months ago and now it has fall drastically to #5.35 and i heard that they are planning to raise money from the market very soon, Please i need an UPDATE on this BANK.

INSURANCE Sub-Sector: I read that NAICOM is planning another Consolidation and some Firm are going to merge again, How true is this?

Who has got info on N.E.M Insurance, Unity Bank, Transcorp and Japaul oil?

PLS: I NEED AN ANSWER URGENTLY


To ALL GURUS IN THE HOUSE,

To All GURU's

Nobody seems to be talking about UNITY BANK, because i bought it at #8.41 some months ago and now it has fall drastically to #5.35 and i heard that they are planning to raise money from the market very soon, Please i need an UPDATE on this BANK.

INSURANCE Sub-Sector: I read that NAICOM is planning another Consolidation and some Firm are going to merge again, How true is this?

Who has got info on N.E.M Insurance, Unity Bank, Transcorp and Japaul oil?

PLS: I NEED AN ANSWER URGENTLY


To ALL GURUS IN THE HOUSE,

To All GURU's

Nobody seems to be talking about UNITY BANK, because i bought it at #8.41 some months ago and now it has fall drastically to #5.35 and i heard that they are planning to raise money from the market very soon, Please i need an UPDATE on this BANK.

INSURANCE Sub-Sector: I read that NAICOM is planning another Consolidation and some Firm are going to merge again, How true is this?

Who has got info on N.E.M Insurance, Unity Bank, Transcorp and Japaul oil?

PLS: I NEED AN ANSWER URGENTLY


To ALL GURUS IN THE HOUSE,

Ben0524:

To All GURU's

Nobody seems to be talking about UNITY BANK, because i bought it at #8.41 some months ago and now it has fall drastically to #5.35 and i heard that they are planning to raise money from the market very soon, Please i need an UPDATE on this BANK.

INSURANCE Sub-Sector: I read that NAICOM is planning another Consolidation and some Firm are going to merge again, How true is this?

Who has got info on N.E.M Insurance, Unity Bank, Transcorp and Japaul oil?

PLS: I NEED AN ANSWER URGENTLY


To ALL GURUS IN THE HOUSE,

Having posted this thrice I can tell this is an urgent request

There is no information on these stocks as far as I know. Unity declare a PAT 1.37B for last fiscal year which does not do much for the 14.7B shares outstanding. If you are holding on to the stocks, pray for a strong interim result which will likely be the case if they are meant to be coming to the market early next year. Read more about Unity here, http://allafrica.com/stories/200710170198.html.

For the other companies you've listed I don't think there is any news in the public domain. Japuaul is still on TS. Transcorp is having a hard time but really this is expected for now. I hear those that bought from the private placement are also offloading.

Based on the companies you have listed I think you are concerned before the prices are dipping. Just understand that no news is also bad news for investors.

@ all,
I need more info on ABBEY BUILDING SOCIETY. is it true that they are coming into the market soon? What is Mutual Benefit's connection to them, and how profitable is this Abbey venture?. Lastly, more info required on Chams, how profitable are they and when is their pp kicking off?

Thanks,

PS. Any other juicy hidden opportunities that any one else knows would be highly appreciated.

_{If you show me how to fesh water from the well i no go hask you for cup of water heveryday,}

Pumping 777,

I have a question for you. If you have 400k and you want to buy shares from FCMB and COSTAIN, which of them will take large portion of your money?. Please state the percentage.

Peace.

Well, for the poster asking about cashcraft, it is a good company but their working culture is bad. Most of their relationship officers fail to realise what their job is all about. If you can get any of them who knows his onions, then you are home!!
Personally, I have suspended buying bank stocks because I see bank stocks as a big balloon. It has been growing all this while and I expect a POP!! anytime soon.

Stock market Theories (for people investing in the secondary market):

1. Public offers generally reduce the liquidity in the market. Therefore, when there are plenty of public offers, secondary market stocks are likely to go bearish. This is of course, the best time to buy. A bullish market comes up when there is a high liquidity in the economy. At this time, most people have cash to buy and supply is limited.

2. Patience is key. sometimes you have to wait a really long time for your stocks to appreciate. Of course, at times you buy and the stock starts crashing from that day.

3. Do not let greed cover your eyes. Mark down a price for which you wish to sell your stock and please sell it at that price. I have a template I designed on MS Excel that tells me the minimum amount I can sell a stock for and break even after I have paid commissions. I also take time to decide my sell price and I don't go back on it.

4. Know when to sell. Also mark down a minimum sale price so that you can cut your losses quick enough

@easimoni, pumpiing777 & wanaj0

can i pick your brains on CAP PLC? in august, they got up to 53 naira, now they are about 50 naira and they have paid 3.25 naira as div for 2006 n 2007

do u guys have anything on the company? and the sector generally

@ Pangolo

I believe there is a commodities market at Abuja Stocks Exchange. Don't know how acive this is.
There have been noises made by NSE leadership about the introduction of futures etc.

@ All

Transcorp is taking a beating because there could not have chosen a worse time to lift the suspension.
The market being so depressed by all the primary offers!
It is a buy and hold stock that will do well in future but not likely to move significantly before mid-2008.
Transcorp also has the problem of not wanting to publicise too much good fortune too quickly, as the media will immediately pounce that it is all due to Obasanjo selling assets to it cheaply. I believe they overpaid for NITEL.

Those already there should hang in there and others gradually get involved in drips with loose cash.

Samstone4

Hi Guys,
Having it here with FirstInland bank, any info abt their Stock?

Hi Guys,
Having it here with FirstInland bank, any info abt their Stock?

tonyjon:

Pumping 777,

I have a question for you. If you have 400k and you want to buy shares from FCMB and COSTAIN, which of them will take large portion of your money?. Please state the percentage.

Peace.

I have not seen the prospectus for Costain, but based on what I know now, Costain will get the chunk of the money. It's also important to realize that Costain holds more risk than FCMB so it depends on the type of investor you are.

Personally I can accommodate the risk level of Costain so I will go for 100%.

@ Pumping,

I got your reply. Thanks and stay blessed.

Peace.

to all gurus,
what do you think abt capital oil plc?please any avaliable info on this coy will be appreciated.just want to know if this is god for long term and if they have prospect?